Industry Analysis & Industry Trends
Out of the woods
Decline in residential construction as a result of the recession led to demand declines from the forestry sector, the main market for chippers and grinders. However, rebounds in forestry and increased demand for paper products have led to recent industry revenue growth. In addition, increased regulation regarding alternative energy sources will likely increase demand for biomass, which will positively influence demand for the industry's products. As a result, downstream markets are expected to increase capital investment in chippers and grinders in the coming years.... purchase to read more
Industry Report - Industry Locations Chapter
Of the estimated 18 establishments operating in the Chipping and Grinding Equipment Manufacturing industry, locations are expected to be most heavily concentrated in the West and Great Lakes. In the Great Lakes, Vermeer dominates, with it headquarters in Pella, IA, followed by Morbark in Michigan. In the West, Astec's Peterson unit carries out manufacturing functions at its plant based in Eugene, OR. The Timber Services (IBISWorld report 11311) and Sawmills and Wood Production (IBISWorld report 32111) industries are also focused in the West, particularly Washington and Oregon because these states host vast tracts of timberland and also facilitate trade with Canada... purchase to read more